Oil and gas sector: OPEC may decide to raise oil output as soon as June due to worries over Iranian and Venezuelan supply and after Washington raised concerns the oil rally was going too far. The United States plans to reimpose sanctions on major oil producer Iran, while an economic crisis has decimated Venezuela's crude output. ( CNBC ).
Comment: We believe oil price (Brent particularly) will continue its rally due to strong geopolitical tension muffled the effect from surge US oil supply.
Sumber : IPS RESEARCH
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